Invest in B2B players engaged in: - building LMS platforms operating with SAAS business model - development of digital interactive content, including books and other learning materials (audio visual, augmented reality) for K-12, smart classes, tutoring and skill training courses, including local/culture/wisdom/value content development. Examples of some companies active in this space are:
PesonaEdu, founded in 1986, is an Indonesian EdTech company which focuses on developing technology for education, especially applications and content related to the learning process. PesonaEdu reported revenue of USD 58 mn. (12)
Quintal, founded in 2015, offers an integrated Learning Management System and Student Information System to create a unified academic portal that is easy for administrators, teachers, students and parents to use. In 2016, it raised an undisclosed amount in seed funding from East Ventures. (13) Quintal reported USD 1.3 mn revenue in 2021. (14)
AIMSIS (Academic Information Management System in Schools) provides a SaaS platform for connecting parents with teachers, while automating teacher’s administrative task. Through the platform user can access online teaching materials, automatically manage grades, customize report-cards, connect with other members, post and evaluate assignments online and maintain attendance data.
Gredu, founded in 2016, is engaged with Indonesia’s K-12 National Curriculum and Islamic Curriculum programs, used in both private and public schools. Its new verticals, include software for preschools and university programs. Gredu raised USD 4 mn in Series A round of funding led by Intudo Ventures. As of July 2021, Gredu is used by more than 400 schools, with a total of 400,000 users. (15)
Provide access to quality education to improve learning outcomes and learning experience resulting in improved quality of human capital.
